17 10 20 17:58:32

Hyperledger Project logo
Sydney, 20 May 2016:
Cuscal was yesterday announced as one of eight new members to join the Hyperledger Project, the collaborative blockchain effort being led by the Linux Foundation. The Project has grown 70% in membership since February this year.

The Hyperledger Project aims to build a core blockchain that can be used in a variety of industry solutions including financial services, Internet of Things, supply chains, manufacturing and technology. Companies like IBM, Accenture, J.P. Morgan, Digital Asset, Intel and ANZ are already part of Hyperledger. R3, the company which leads a consortium of financial service businesses researching potential uses of blockchain, has a seat on Hyperledger’s board.

Commenting on the announcement, Brian Parker, General Manager, Emerging Business at Cuscal said:

“We’re very pleased to join the Hyperledger Project and be able to contribute our expertise in payments and real-time processing to an exciting project.

Blockchain feels a bit like the internet felt in its earliest days. It’s a genuinely new technology, with exciting potential and clear underlying value, but we don’t yet know exactly how that value will be realised. Distributed ledger technology has the potential to greatly improve legacy systems and processes and we believe that working collaboratively is the best way to achieve this goal.”

Read more about the Hyperledger Project.

Media contact
Jake Waddell  jwaddell@cuscal.com.au  0417 312 902